Form 4: Cushman & Wakefield Executive Andrew McDonald Reports Share Transactions
SEC Form 4 Filing
Andrew McDonald, Global President & COO of Cushman & Wakefield, reports the conversion of restricted stock units and disposal of shares to cover tax obligations.
Summary
- On July 1, 2024, Andrew McDonald, Global President & COO of Cushman & Wakefield, converted 10,697 restricted stock units (RSUs) into ordinary shares.
- The conversion was executed under the company's 2018 Omnibus Management Share and Cash Incentive Plan.
- Also on July 1, 2024, Mr. McDonald disposed of 5,304 ordinary shares at a price of $10.08 per share.
- These shares were disposed of to satisfy tax obligations related to the RSU conversion.
- Following these transactions, Mr. McDonald directly owns 258,209 ordinary shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a top executive at Cushman & Wakefield.
Key Dates
| Date | Description |
|---|---|
| 07/01/2023 | Date RSUs were granted, vesting in three equal installments annually. |
| 07/01/2024 | Date of RSU conversion and share disposal. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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